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WBA

Walgreens Boots Alliance

$54.42

-0.19 (-0.35%)

06:52
01/16/20
01/16
06:52
01/16/20
06:52

Mizuho lowers Walgreens LBO target range to $60-$65 after 'tough' quarter

Mizuho analyst Ann Hynes lowered her leveraged buyout target range for Walgreens Boots Alliance to $60-$65 from $64-$71 following the company's "tough" quarter. The analyst's most probable scenario yields a take-out price of $60 per share. She lowered her price target for Walgreens to $56 from $59 and keeps a Neutral rating on the name.

  • 30

    Jan

WBA Walgreens Boots Alliance
$54.42

-0.19 (-0.35%)

12/11/19
WELS
12/11/19
DOWNGRADE
Target $61
WELS
Market Perform
Walgreens downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Peter Costa downgraded Walgreens Boots Alliance to Market Perform from Outperform with a price target of $61, down from $65. Wells Fargo's new rating parameters focus on relative performance compared to the group, while previously it focused on comparison to the market as a whole, Costa tells investors in a research note. This resulted in him downgrading five names in the Pharmacy/Ancillary Benefits space.
12/11/19
12/11/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. UPS (UPS) downgraded to Market Perform from Outperform at BMO Capital with analyst Fadi Chamoun saying the company's path to improving its profitability and free cash flow is challenging. 2. Dentsply Sirona (XRAY) downgraded to Neutral from Overweight at JPMorgan with analyst Tycho Peterson while the company should continue benefiting from new products, restructuring-related cost savings and a generally conservative approach to guidance, comps are set to get tougher in 2020. 3. Walgreens downgraded to Market Perform from Outperform at Wells Fargo with analyst Peter Costa saying Wells Fargo's new rating parameters focus on relative performance compared to the group, while previously it focused on comparison to the market as a whole. 4. Cigna (CI) downgraded to Underperform from Market Perform at Wells Fargo with analyst Peter Costa saying he believes Cigna's "large" debt load could impede its growth and upside earnings surprises. 5. Prosperity Bancshares (PB) downgraded to Underperform from Market Perform at Hovde Group. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
01/02/20
BOFA
01/02/20
NO CHANGE
Target $50
BOFA
Underperform
Walgreens EPS guidance could be challenged by reimbursement pressures, says BofA
BofA analyst Michael Cherny noted that Walgreens Boots Alliance cut guidance in the first or second quarter of its fiscal year in two of the past three years due to worse than expected reimbursement pressures and he believes a similar dynamic of gross margin pressures remains in place in 2020. Since most reimbursement changes begin on January 1 he would not be surprised to see a guidance reduction with the company's report in early April of its fiscal second quarter results, said Cherny, who reiterates his Underperform rating and $50 price target on Walgreens shares.
01/03/20
UBSW
01/03/20
NO CHANGE
Target $50
UBSW
Sell
Walgreens Boots Alliance facing reimbursement pressure, says UBS
UBS analyst Kevin Caliendo maintains a Sell rating and $50 price target on Walgreens Boots Alliance ahead of the company's Q1 report on January 8, saying that while he thinks the Q1 earnings bar "looks achievable," as the consensus is not reflecting SSS upside from a strong flu season and strong recent SSS trends from Walgreens and drug retail peers, he continues to model downside to U.S. Retail EBIT in FY20 and beyond on ongoing severe reimbursement pressure. Caliendo says the full impact of expected January reimbursement cuts primarily from ESI and Optum might not be clear until after Walgreens reports its results.

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Ameresco

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HRB

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MSM

MSC Industrial

$76.89

-1.58 (-2.01%)

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FB

Facebook

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0.23 (0.10%)

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SPY

SPDR S&P 500 ETF Trust

$331.98

1.08 (0.33%)

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S&P 500

$0.00

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SPDR S&P 500 ETF Trust

$331.98

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TSLA

Tesla

$510.34

-3.065 (-0.60%)

16:33
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JPM

JPMorgan

$138.15

0.89 (0.65%)

, BNPQY

BNP Paribas

$0.00

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JPMorgan

$138.15

0.89 (0.65%)

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BNP Paribas

$0.00

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BAC

Bank of America

$34.70

-0.03 (-0.09%)

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CEL

Cellcom Israel

$3.18

(0.00%)

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VRCA

Verrica Pharmaceuticals

$15.94

0.21 (1.34%)

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  • 13

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SO

Southern Company

$67.25

1.08 (1.63%)

, XEL

Xcel Energy

$65.38

0.34 (0.52%)

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$67.25

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XEL

Xcel Energy

$65.38

0.34 (0.52%)

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  • 30

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LIZI

Lizhi

$11.72

(0.00%)

, DNK

Phoenix Tree

$13.50

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TLGT

Teligent

$0.40

-0.0025 (-0.62%)

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AYTU

Aytu BioScience

$0.80

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  • 24

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DVA

DaVita

$79.45

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  • 23

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TSM

TSMC

$58.58

-0.18 (-0.31%)

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KKR

KKR

$31.20

0.7 (2.30%)

, APO

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$31.20

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GOOG

Alphabet

$1,480.28

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, NFLX

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Nordstrom

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, WMT

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